California Public Resources Code

§ 42056

PRC § 42056 Effective Jan 1, 2023Div. 30 · Part 3 · Ch. 3 · Art. 2

Statute text

(a)A PRO, as part of its producer responsibility plan, shall set up a trust fund or an escrow account in California, into which it shall deposit all unexpended funds for use in accordance with this section if the plan terminates or is revoked or the PRO dissolves in accordance with the closure or transfer plan required pursuant to subdivision (f) of Section 42051.1.

(b)If a plan terminates or is revoked, the trustee or escrow agent of a trust fund or escrow account set up pursuant to subdivision (a) shall do both of the following, starting within 30 calendar days:

(1)Accept payments directly from producers into the trust fund or escrow account that would have been made to the PRO before the plan’s termination or revocation.

…

Legislative history

Added by Stats. 2022, Ch. 75, Sec. 2. (SB 54) Effective January 1, 2023.